The Second Great Depression
Most American citizens did not care when the American government stopped paying the interest on certain foreign loans. They did begin to care when the Chinese raised their prices and cheap Chinese goods became expensive Chinese goods. They cared even more when China began shipping American crewmen home, with only the clothes on their backs, after impounding their ships in the South China Sea. The news carried stories of them being unable to find new jobs after companies stopped shipping anywhere near China, and the people lost their last vestiges of faith in America’s ability to defend them beyond our borders. When the people lost faith in the government’s wish to defend them inside our borders, it was the beginning of the end of what many called the Second American Republic.
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